21Shares Expands Crypto Offerings With New Cronos (CRO) ETP

TL;DR21Shares launches an ETP linked to Cronos, providing regulated access to the CRO token without the need for exchanges or digital wallets.The product is listed on Euronext Paris and Amsterdam, highlighting Cronos’ integration with Ethereum and Cosmos.21Shares continues expanding its portfolio with products such as Bitcoin Core ETP, Solana Staking ETP, and XRP ETP.The Swiss firm 21Shares has expanded its product offerings with the launch of an ETP linked to Cronos, the blockchain developed by Crypto.com.This new asset, under the ticker CRON, allows investors to access the CRO token from regulated markets without the need to operate on exchanges or manage digital wallets. The company aims to simplify the entry of institutional and retail capital into the Web3 ecosystem, eliminating traditional technical barriers.A Versatile Infrastructure for All Types of ServicesThe product is already listed on Euronext Paris and Euronext Amsterdam. One notable feature is that it relies on Cronos’ ability to integrate with Ethereum and Cosmos, creating a multi-chain environment that connects decentralized applications with centralized access solutions. This feature makes Cronos a versatile infrastructure for financial services, artificial intelligence, and interoperable products.From Crypto.com, Eric Anziani, president and COO, emphasized that this launch will improve accessibility to the Cronos ecosystem, facilitating contact with new investors for blockchain-based solutions. For 21Shares, this initiative aligns with its goal of reducing the complexity of investing in the crypto market through regulated structures and traditional platforms.21Shares Takes Its Products Across EuropeIt is worth noting that 21Shares has recently added several products to its European catalog. The company included three ETPs on Nasdaq Stockholm: Bitcoin Core ETP, Solana Staking ETP, and XRP ETP. Each one offers physical exposure to their respective assets, with specific features such as staking yields for Solana and one of the lowest management fees on the market for the Bitcoin product.Mandy Chiu, head of financial products development at 21Shares, stated that this year marks a turning point for institutional adoption of cryptocurrencies and digital assets in Europe. The implementation of the MiCA framework and the arrival of regulated products have improved the confidence of traditional investors and operators in the industry. The company plans to continue expanding across the continent, focusing on products with Web3 and blockchain applications.